Euro Gets a Short Term Lift, Dollar's Set to Dip
Euro shorts take cover and Indonesia gets a ratings boost - it's time for your FX Fix.
With risk appetite improving, commodity currencies like the Canadian, Australian, and New Zealand dollars rose. [FT]
Traders are unwinding bets on risk aversion, and the dollar could be poised to weaken. [dailyfx.com]
The Chinese yuan hit a record high against the dollar on suspicion that the central bank orchestrated intervention. [CNBC]
Fitch raised Indonesia's credit rating to investment grade, on par with India, for the first time since 1997, earlier than expected. Moody's and Standard & Poor's may follow. [Reuters]
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